Amortization (noun) Definition, Meaning & Examples

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noun
  1. an act or instance of amortizing a debt or other obligation.
  2. the sums devoted to this purpose.
noun
    • the process of amortizing a debt
    • the money devoted to amortizing a debt
  2. (in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield
Amortization (noun) Definition, Meaning & Examples

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